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Ajmera Realty inks SPA to divest 50% stake in Ajmera Luxe Realty

18 Jan 2024 Evaluate

Ajmera Realty & Infra India (ARIIL) has entered into a Share Purchase Agreement (SPA) with Keystone Realtors (KRL) to divest 50% equity shareholding in Ajmera Luxe Realty (ALRPL), a wholly owned subsidiary of ARIIL. Therefore, upon completion of the aforesaid transaction in terms of the SPA, ALRPL would cease to be a wholly owned subsidiary of the ARIIL. 

Ajmera Realty & Infra India is primarily engaged in real estate development. Its real estate business caters to the mid and hi-end housing segments. It also operates in the hospitality and entertainment, which includes dome theatres, retail and malls, etc.


Peers
Company Name CMP
Lodha Developers 1093.95
Prestige EstatesProj 1559.20
Dilip Buildcon 386.50
DLF 713.45
Oberoi Realty 1695.90
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